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How profitable is mining currently?

Discussion in 'Mining' started by MaxFangX, Jul 3, 2014.

  1. MaxFangX

    MaxFangX Active Member
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    I've been using coinwarz com to track profitability, and recently, Darkcoin has been showing up as losing money. In the past few months I've watched profitability go lower and lower, and now it is at abysmal rates. I'm confused because everyone around here hasn't really been mentioning anything about it. So is the website I am using completely wrong, or does it actually cost money to mine now? The parameters I've been using are 12000kh/s 500W and $.09 /KWh
     
  2. fra55

    fra55 Member

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    Well in latest days, Darkcoin price has dropped and difficulty has increased, so it's most likely that for now it's not profitable
     
  3. NASH

    NASH New Member

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    I noticed the same thing, I don't get it either.
     
  4. vertoe

    vertoe Three of Nine

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    If diff increases but the price dropps you should look out for a multipool that pays out darkcoin, for example xpool.ca

    The low prices makes that pretty profitable.
     
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  5. Ignition75

    Ignition75 Active Member

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    Mining profitability has been so bad lately I've decided to convert half my farm to Masternodes whilst prices are so cheap.
     
  6. Longshot

    Longshot New Member

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    It'll go back up in three weeks, I'd say buy it when it's low & mine it when it's economically sound.
     
  7. dashmenow

    dashmenow New Member

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    Hi everyone,
    I just want to popup this thread.
    How all those miners do survive ? I managed to make my own p2pool with several workers, those do ~15-20MH/s (depends on DOA significantly). And after a week of mining, I can't see how it can be profitable. The electricity bill should strike me down this month. Shouldn't be the whole mining thing considered as PoS as well in this case ? I can't see how someone wish to pay money out of his own pocket just for fun. It has to be either real trust in DASH or an oblivious foolishness, that makes people mining DASH.

    So ... In DASH we trust ?
     
    #7 dashmenow, Jan 7, 2016
    Last edited by a moderator: Jan 7, 2016